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Shining a light on FX rates

For corporate treasurers, identifying potential cost efficiencies is only possible when operational costs and processes are transparent.

Currency muddle: Rates and spreads in cross-currency payments are often obscured, making FX risk a scourge of treasury departments
Currency muddle: Rates and spreads in cross-currency payments are often obscured, making FX risk a scourge of treasury departments Photo: iStock

For corporate treasurers, identifying potential cost efficiencies is only possible when operational costs and processes are transparent.

In this respect, foreign exchange risk can be the scourge of treasury departments, because the rates and spreads used during cross-currency payments are often hidden, keeping treasurers in the dark.

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